STANBIC BANK LAUNCHES ANOTHER BRANCH IN DAR


Stanbic Bank Tanzania has opened its new full-service branch in Dar es Salaam, in a move designed to offer vibrant, effective and efficient banking services to its customers.
 The newly launched Peninsula outlet takes Stanbic Bank’s total branch count to 8 across Tanzania.
 The new branch will offer among other products and services, a dedicated best in country private banking suite, forex facilities and real time cash deposit ATMs that will provide customers the liberty to deposit up to 200 TZS notes in count at once.
 Speaking during the launch event held over the weekend and graced by the Deputy Minister of Finance and Planning, Dr. Ashatu Kijaji, Stanbic Bank Tanzania Chief Executive Ken Cockerill said the development comes as the bank strives to cater for banking convenience to its ever-growing number of customers in Tanzania’s central hub of commerce and business.
 “Although Stanbic Bank has invested immensely in innovative self-service products that allow us to serve our customers remotely through mobile banking and business online platforms, we still value face-to-face interaction with our esteemed customers in our commitment to help them make the best of their banking experience," he said.
 He reiterated that the bank considers it important to continue offering its services in convenient locations where its customers can receive customized assistance to meet their exact requirements through tailored solutions as well as gain access to other amenities.
 “With a rich history of over 150 years of operation in 20 African countries, Stanbic Bank has a wealth of expertise and capabilities in spurring investment in the region and Tanzania in particular. Customers will enjoy the expertise of a team of financial experts to help them make the best of their banking experience,” he said.
Minister Kijaji commended Stanbic Bank’s commitment and support to infrastructure projects, SME development as well as its continued improvements to its innovate offering.
 “I would like to acknowledge the necessary efforts Stanbic Bank is putting in place to implement the Financial Inclusion Framework and the National Economic Empowerment Policy in practice. I urge the bank’s management to invest more research and development so that new financial products are put in place to serve the changing needs of the economy and population at affordable costs,” she said.
 She appealed to the banking sector to harness its expertise by adding value that goes beyond a lender and borrower relationship.
 She affirmed that with less than 10 years remaining to the attainment of vision 2025 goals, various stakeholders must work together to speed up the economic transformation of Tanzania.
 “The banking sub sector plays a critical role in any country’s development process. The sector combines economic resources which generates a large pool of capital to enable large scale investment to happen. The government therefore considers this sub sector as an important player in accelerating economic growth and reducing poverty in the country,” she said.

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